8.23 Powell's words caused a sudden surge in the crypto market! Ethereum (ETH) latest market analysis and trading advice reference
Ethereum's current price is 4750, it is now 1 AM Beijing time, the highest point of Ethereum's daily K-line is 4781, and the daily line directly performs a sudden rise, in just a few days, the market has directly surged from the 4000 mark to the previous high of 4794, the 4750 and 4550 southbound finally broke the box top of 3550 and had to exit completely, now the sudden surge in the market should not be chased, wait for a pullback, after the pullback wait for the pattern to confirm, after confirmation then go southbound, before that keep an empty position and observe to first preserve the chips in hand and survive, pay attention to the resistance level at the upper Bollinger band on the daily line at 4920, the volume after reaching will decide, the four-hour K-line has continuously retested the support of the rising trend line, the bearish trend has reversed to a bullish trend, do not chase the bullish at the historical high and do not act as a bag holder, wait for opportunities to test positions, it’s okay to make mistakes, the trading process will always have losses, profits and losses are two sides of the same coin, carry stop loss and don't force it
Short-term reference: must carry stop loss, safety first
Southbound test position one: 4800 to 4850, defense at 4900, stop loss 50 points, target look at 4750 to 4700, if it breaks look at 4650
Southbound test position two: 5250 to 5300, defense at 5350, stop loss 50 points, target look at 5200 to 5150, if it breaks look at 5100
The article is sent with a delay, strategy advice is for reference only, the market changes rapidly, no matter how high the judgment on the market is, stop loss and take profit must be well managed, securing profits is the priority
